The Crippling Decline in Disposable Household Income

ARTICLE: The Crippling Decline in Disposable Household Income

“We’ve come a long way, we’ve got a lot going for us, we’re better placed and better prepared than other countries.”

This was the bold claim made by Treasurer Jim Chalmers at the National Press Club back in June.

His words have come back to bite him however, as new data from the Organisation for Economic Co-operation and Development (OECD) has revealed that Australia has recorded the steepest decline in real household disposable income among all other developed nations.